Score
0Worthington, OH
386 Highgate Ave
800K
4 beds
3 baths
2,683 sqft
4 bd • 3 ba • 2,683 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$799,900
Price/Sq.Ft
$298
Year Built
1967
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This mid-century brick home in Worthington offers exceptional value at $298.14/sqft, which is approximately 15% below the average of $350/sqft for similar homes in the area. The property has appreciated 38.8% since its last sale in 2019, outperforming the local market average of 25% over the same period. At 2,683 sqft, it's 20% larger than the median home size in Worthington (2,236 sqft), providing ample space for families or those who need extra room. The home boasts high-end features like a gourmet kitchen with premium appliances (estimated value: $15,000-$20,000), hardwood floors throughout (typical cost: $20,000-$30,000 for this size home), and a newly renovated owner's suite bathroom (estimated value: $15,000-$25,000). The property's location is prime, with highly-rated schools nearby (Evening Street Elementary: 8/10, Thomas Worthington High: 7/10) and easy access to amenities. Climate risk is exceptionally low, with minimal flood (1/10) and fire (1/10) risks, significantly reducing potential insurance costs and future climate-related expenses.
The Bad
While the home has many positive attributes, there are some potential drawbacks. The property's age (built in 1967) may necessitate updates to major systems in the near future. For example, if the HVAC system is original, replacement could cost $10,000-$15,000. The roof, if not recently replaced, might need attention within 5-10 years (estimated cost: $15,000-$20,000 for a home this size). The current listing price of $799,900 is at the higher end of the Worthington market, which could limit the potential buyer pool. Additionally, property taxes in Worthington are known to be high due to the excellent school system, which could add significantly to the monthly ownership costs (estimated at $10,000-$12,000 annually based on the sale price). The moderate heat risk (3/10) suggests that summer cooling costs may be higher than average, potentially adding $200-$300 to annual utility expenses.
The Ugly
The most concerning aspect of this property is the potential for hidden issues due to its age. At 56 years old, there's a risk of outdated electrical systems, which could require a full rewiring at a cost of $15,000-$25,000. Plumbing issues are also common in homes of this age, with potential for lead pipes or deteriorating main lines, which could cost $5,000-$10,000 to address. The moderate air quality risk (3/10) could be problematic for residents with respiratory issues, potentially requiring the installation of a whole-house air filtration system ($2,000-$5,000). Additionally, the rapid appreciation of 38.8% since 2019 raises concerns about potential overvaluation in the current market, which could lead to challenges in future resale or refinancing if the market corrects. Lastly, while the 2-car garage is a positive feature, the driveway appears narrow in the provided images, which could be inconvenient for larger vehicles or multiple drivers.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideally suited for upper-middle-class families or professionals with a household income of $200,000+ annually, considering the purchase price and potential property taxes. It's perfect for those prioritizing excellent schools and a family-friendly neighborhood. The spacious layout and custom playroom make it ideal for families with children or those planning to expand. The gourmet kitchen and entertainment spaces cater to buyers who enjoy hosting and cooking. Empty nesters looking for a forever home with room for visiting family would also find this property attractive. Investors might consider this property for its strong appreciation potential and the possibility of commanding high-end rental rates ($2,500-$3,000/month) in this desirable area.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets due to the high purchase price and potential for costly updates. Individuals or couples seeking a low-maintenance lifestyle may find the large lot and older home systems overwhelming. It's not ideal for those prioritizing new construction or modern, open-concept layouts typical in newer homes. Buyers looking for immediate rental income might find the high purchase price challenging for achieving positive cash flow in the short term. Additionally, those with mobility issues might struggle with the multi-level layout, as there's no mention of an elevator or first-floor primary bedroom.
Demographics
Area Median Income
$103,287
Property History
Price History
Ownership Timeline
$576,500Financed
May 20, 2019John C Hoctor, Sarah K HoctorJessica M Fitzpatrick, Daniel J Fitzpatrick
Warranty Deed
Standard Sale (Purchase/Resales)
$368,500Financed
Mar 8, 2011Richard John Snow, Mary WadikaJohn C Hoctor, Sarah K Hoctor
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$11,450
2023 Tax Assessment
6.9%from previous year
Assessed Value$188,410
Tax Rate6.08%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
6.0/10
GoodHigh
7.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,010
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$799,900
Price/sqft
$298
Layout
4 bd•3 ba
Days on market
13 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$595,333
34.4%
Your price is 34.4% above average
Median Price
$560,000
42.8%
Based on 6 recent sales
Price per Sq.Ft
$237
25.8%
Your price is 25.8% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 495 Haymore Avenue S, Worthington, OH 43085 | $560,000 | 2,811 | 4 | 3 | $19933.2% | 9/25/2024 |
| 129 E South Street, Worthington, OH 43085 | $850,000 | 3,016 | 5 | 3 | $2825.5% | 10/4/2024 |
| 6446 Strathaven Court E #2D, Columbus, OH 43085 | $363,000 | 2,162 | 3 | 3 | $16843.7% | 10/11/2024 |
| 488 Whitney Avenue, Worthington, OH 43085 | $559,000 | 2,196 | 4 | 3 | $25514.6% | 10/1/2024 |
| 7043 Olentangy River Road, Columbus, OH 43235 | $450,000 | 2,300 | 4 | 3 | $19634.4% | 9/11/2024 |
| 525 Hartford Street, Worthington, OH 43085 | $790,000 | 2,453 | 4 | 3 | $3228.0% | 8/16/2024 |
495 Haymore Avenue S, Worthington, OH 43085
Price: $560,000
Sq.Ft: 2,811
Beds/Baths: 4/3
$/Sq.Ft:
$19933.2%
Sale Date: 9/25/2024
129 E South Street, Worthington, OH 43085
Price: $850,000
Sq.Ft: 3,016
Beds/Baths: 5/3
$/Sq.Ft:
$2825.5%
Sale Date: 10/4/2024
6446 Strathaven Court E #2D, Columbus, OH 43085
Price: $363,000
Sq.Ft: 2,162
Beds/Baths: 3/3
$/Sq.Ft:
$16843.7%
Sale Date: 10/11/2024
488 Whitney Avenue, Worthington, OH 43085
Price: $559,000
Sq.Ft: 2,196
Beds/Baths: 4/3
$/Sq.Ft:
$25514.6%
Sale Date: 10/1/2024
7043 Olentangy River Road, Columbus, OH 43235
Price: $450,000
Sq.Ft: 2,300
Beds/Baths: 4/3
$/Sq.Ft:
$19634.4%
Sale Date: 9/11/2024
525 Hartford Street, Worthington, OH 43085
Price: $790,000
Sq.Ft: 2,453
Beds/Baths: 4/3
$/Sq.Ft:
$3228.0%
Sale Date: 8/16/2024
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